Lenskart Solutions IPO GMP Today: Issue Subscribed 1.7x On Day 2, Premium Declines Further

Lenskart Solutions IPO GMP Today: The initial public offering (IPO) of eyewear maker Lenskart Solutions has been subscribed 1.70 times so far onits second day of bidding. The public issue opened for subscription on October 31 and will close on November 4.

Meanwhile, Lenskart Solutions IPO shares in the grey market shrunk further, falling by nearly 40 per cent over the last three days.

Lenskart Solutions IPO Subscription Status

As of 1:40 PM on Day 2, Lenskart Solutions IPO has seen strong investor participation across categories.

The qualified institutional buyers (QIB) portion, with 5.42 crore shares on offer, has been subscribed 1.49 times. The non-institutional investors (NIIs) segment has received 1.38 times bids for its 2.71 crore shares, while the retail investor quota, comprising 1.80 crore shares, has been booked 2.82 times. The employee category has also drawn healthy interest, with subscriptions at 2.27 times.

Lenskart has reserved 75 per cent for the qualified institutional buyer (QIB) category, 15 per cent for the NII category, and 10 per cent of the net issue for retail investors.

Lenskart Solutions IPO Details

Lenskart IPO Size: The eyewear retailer aims to raise up to Rs 7,278.02 crore through its IPO. The public issue includes a fresh issue of 5.35 crore shares worth Rs 2,150 crore and an offer for sale of 12.76 crore shares worth Rs 5,128.02 crore.

Lenskart IPO Date: The issue will open for public subscription on October 31, 2025, and close on November 4, 2025.

Lenskart IPO Allotment Date: The allotment of shares is expected to be finalised on November 6, 2025.

Lenskart IPO Listing Date: The company’s shares are likely to list on the BSE and NSE on November 10, 2025.

Lenskart IPO Price Band: The IPO price band has been set at Rs 382 to Rs 402 per share.

Lenskart IPO Lot Size, Minimum Investment: The lot size for applications is 37 shares, and the minimum investment for retail investors is Rs 14,874, based on the upper price band.

Lenskart IPO BRLMs, Registrar: Kotak Mahindra Capital, Morgan Stanley India, Avendus Capital, Citigroup Global Markets India, Axis Capital, and Intensive Fiscal Services are the book running lead managers, and MUFG Intime India is the registrar to the issue.

Lenskart Solutions IPO GMP Today

As of November 3, Lenskart Solutions IPO shares traded at a grey market premium (GMP) of Rs 60 per share, according to multiple websites that track such trades. The GMP, however, has seen a declined of nearly 37 per cent over the last four days, falling from Rs 95 quoted on October 31 to the current price.

Given the upper price band of Rs 402 and the current GMP, Lenskart Solutions’ shares are expected to list at Rs 462 per share. This translates into a potential listing gain of 14.93 per cent.